Eastern Goldfields Limited has recapitalised and relisted on the ASX as Ora Banda Mining Limited. The company relists with A$15.0 million in cash to pursue resource drill out, detailed mine planning and regional exploration programs. Further studies are planned to re-evaluate resources and operations to underpin a measured and value-driven production restart.
Hawke’s Point has continued to provide technical expertise and support during the Eastern Goldfields restructuring and looks forward to continuing its partnership with Ora Banda Mining as the company works to restart mining operations and advance its development-stage resources.